Shares and shareholders

Basic share info

Suominen Corporation shares are listed on Nasdaq Helsinki.

Trading code SUY1V
ISIN code FI0009010862
List Consumer Goods (Mid Cap)
Listed  1 October 2001
Number of shares

53,794,935 

Share capital, EUR 11,860,056 

 

Share monitor

Major shareholders

Shareholder structure

 

Management shareholdings

 

As a result of the Market Abuse Regulation ((EU) N:o 596/2014, ”MAR”)  that entered into force on 3 July 2016, the below information will not be updated after 3 July 2016.  

Major changes in shareholdings

 

Under the provisions of the Finnish Securities Markets Act (Chapter 9, Section 5), shareholders of listed companies have an obligation to notify both the Finnish Financial Supervision Authority and the listed company of changes in their holdings.

2 June 2017
Oy Etra Invest Ab (a company under the controlling power of Mr Erkki Etola) notified Suominen that its shareholding in the company will cross the 10% flagging threshold. Read the stock exchange release.

10 June 2016

Mr Erkki Etola and companies under his controlling power notified that their aggregated shareholding in Suominen Corporation crossed the 10% flagging threshold. Read the stock exchange release.

13 July 2015
GMT Capital Corp notified that it has on 9 July 2015 invested in Suominen shares and consequently reached the flagging threshold of 5% of all shares and votes in Suominen Corporation. Read the stock exchange release.

20 March 2015
Ilmarinen Mutual Pension Insurance Company (Keskinäinen Eläkevakuutusyhtiö Ilmarinen, business identity code 0107638-1), notified that it has on 19 March 2015 divested Suominen shares and consequently crossed the threshold of 10% of all shares and votes in Suominen Corporation. Read the stock exchange release.

16 March 2015
Finnish Industry Investment Ltd (Suomen Teollisuussijoitus Oy, business identity code 1007806-3) notified that it has divested Suominen shares and thus its shareholding has fallen below the threshold of 5% of all shares and votes in Suominen. Read the stock exchange release.

18 February 2015
Mandatum Life Insurance Company Limited (business identity code 0641130-2) notified that it has divested Suominen Corporation shares through a transaction made on 17 February 2015. Following the transaction, Mandatum’s ownership in Suominen would remain below the threshold of 5% even if Mandatum would convert all notes of the hybrid bond it subscribed in February 2014 into Suominen shares. Read the stock exchange release.

29 January 2015
Mandatum Life Insurance Company Limited has notified Suominen Corporation that its shareholding in Suominen may increase so that the 5% threshold in shares and voting rights may be crossed.  Read the stock exchange release.

29 January 2015
Mandatum Life Insurance Company Limited has notified Suominen Corporation that its share of Suominen's existing shares and votes has decreased to less than 5 %. Read the stock exchange release.

5 February 2014
Ahlstrom Corporation notified Suominen Corporation that its shareholding in Suominen may decrease so that the following thresholds in shares and voting rights may be reached or crossed: 5%, 10%, 15%, 20% or 25%. Read the stock exchange release.

Ahlström Capital Oy and AC Invest Two B.V notified Suominen Corporation that their shareholding in Suominen may increase so that the following thresholds in shares and voting rights may be reached or crossed: 5%, 10%, 15%, 20% or 25%. Read the stock exchange release.

Erkki Etola, Oy Etra Invest Ab and Tiiviste-Group Oy together notified Suominen Corporation that their shareholding in Suominen may cross the 5% notification threshold. Read the stock exchange release

10 January 2014
Ahlstrom Corporation notified Suominen Corporation on the potential changes in shareholding. Read the stock exchange release.

Ahlström Capital Oy and AC Invest Two B.V. notified Suominen Corporation on the potential changes in shareholding. Read the stock exchange release.

4 August 2011
Ahlstrom Corporation reported that its share of the total number of shares and voting rights in Suominen Corporation shall exceed 25 percent as a result of the arrangement which, if completed, may result in the exceeding of the flagging threshold.

Ahlstrom Corporation’s shareholding after the arrangement:
Number of shares: 66,666,666 shares
Share of the total number of shares and voting rights: 28.21%
Ahlstrom Corporation has no shareholding in Suominen Corporation before the arrangement.

Ahlstrom Corporation has, in an agreement signed on 4 August 2011, agreed on a transaction by which Ahlstrom Corporation’s Home and Personal nonwovens business area is sold to Suominen Corporation. The completion of the transaction is subject to e.g. approval by competition authorities. The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share.

In relation to the transaction, Ahlstrom has on 4 August 2011 signed a commitment to subscribe for new shares for 30 million euros in a directed share issue prepared by Suominen Corporation. The commitment is subject to e.g. approval by competition authorities needed for the completion of the transaction. On the basis of the commitment, Ahlstrom would subscribe for a total of 66,666,666 new shares in Suominen’s share issue. If the share issue were carried out at the minimum size, Ahlstrom’s share in Suominen’s shares after the share issue would be 28.21%. If a greater number than the minimum number of shares was subscribed in the share issue, Ahlstrom’s final shareholding would be smaller.

4 August 2011
Oy Etra Invest Ab reported that its share of the total number of shares and voting rights in Suominen Corporation shall fall below 10 per cent as a result of the arrangement which, if completed, may result in a situation in which the flagging threshold falls below 10 per cent.

Oy Etra Invest Ab’s shareholding after the arrangement:
Number of shares: 12,223,320 shares
Share of the total number of shares and voting rights: 5.2%

Oy Etra Invest Ab has on 3 August 2011 signed a commitment to subscribe for new shares for 1.8 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
Mandatum Life Insurance Company Limited reported that its share of the total number of shares and voting rights in Suominen Corporation shall exceed 5 per cent as a result of the arrangement which, if completed, may result in the exceeding of the flagging threshold.

Mandatum Life Insurance Company Limited’s shareholding after the arrangement:
Number of shares: 22,222,222 shares
Share of the total number of shares and voting rights: 9.4%

Mandatum Life Insurance Company Limited has on 3 August 2011 signed a commitment to subscribe for new shares for 10 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
Ilmarinen Mutual Pension Insurance Company reported that its share of the total number of shares and voting rights in Suominen Corporation shall exceed 10 per cent as a result of the arrangement which, if completed, may result in the exceeding of the flagging threshold.

Ilmarinen Mutual Pension Insurance Company’s shareholding after the arrangement:
Number of shares: 26,045,326 shares
Share of the total number of shares and voting rights: 11.0%

Ilmarinen Mutual Pension Insurance Company has on 3 August 2011 signed a commitment to subscribe for new shares for 10 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
The company received a notification from Mr Heikki Bergholm that his share of the total number of shares and voting rights in Suominen Corporation shall fall below 5 per cent as a result of the arrangement which, if completed, may result in a situation in which the flagging threshold falls below 5 per cent.

Mr. Heikki Bergholm’s shareholding after the arrangement:

Number of shares: 5,319,405 shares
Share of the total number of shares and voting rights: 2.3%

Mr. Heikki Bergholm has on 3 August 2011 signed a commitment to subscribe for new shares for 765,000 euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
Evald and Hilda Nissi Foundation reported that its share of the total number of shares and voting rights in Suominen Corporation shall fall below 5 per cent as a result of the arrangement which, if completed, may result in a situation in which the flagging threshold falls below 5 per cent.

Evald and Hilda Nissi Foundation’s shareholding after the arrangement:
Number of shares: 6,943,646 shares
Share of the total number of shares and voting rights: 2.9%

Evald and Hilda Nissi Foundation has on 3 August 2011 signed a commitment to subscribe for new shares for 1.2 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
Varma Mutual Pension Insurance Company reported that its share of the total number of shares and voting rights in Suominen Corporation shall exceed 5 per cent if the arrangement shall be completed.

Varma’s shareholding after the arrangement:
Number of shares: 22,222,222 shares
Share of the total number of shares and voting rights: 9.4%.
Varma has no shareholding in Suominen Corporation before the arrangement.

Varma has on 3 August 2011 signed a commitment to subscribe for new shares for 10 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

4 August 2011
The company received a notification from Mr. Mikko Maijala that the combined share of Mr. Mikko Maijala and Maijala Investment Oy in which Mr. Mikko Maijala exercises control, of the total number of shares and voting rights in Suominen Corporation shall fall below 5 per cent as a result of the arrangement which, if completed, may result in a situation in which the flagging threshold falls below 5 per cent.

The total shareholding of Mikko Maijala and Maijala Invest Oy after the arrangement:
Number of shares: 3,558,967
Share of total number of shares and voting rights: 1.5%

Mr. Mikko Maijala has on 3 August 2011 signed a commitment to subscribe for new shares for 0.5 million euros in a directed share issue prepared by Suominen Corporation. The commitment to subscribe for new shares is related to the release today by Suominen Corporation, whereby Suominen Corporation has signed an agreement with Ahlstrom Corporation to buy its Home and Personal nonwovens business area.

The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share. The criterion for the flagging is that the share issue will be carried out at the minimum size of 85 million euros.

1 July 2010
The company received a notification from Mr. Mikko Maijala that the combined holding of his own and Maijala Investment Oy, in which he has a controlling power, in Suominen Corporation corresponds to 5.1 per cent of the company's share capital and voting rights.

2 October 2009
Oy Etra Invest Ab reported that on 1 October 2009 its holding in the share capital and voting rights of Suominen Corporation had grown to 16.44%.

4 June 2009
Oy Etra Invest Ab reported that on 2 June 2009 its holding in the share capital and voting rights of Suominen Corporation had grown to 14.12%.

20 November 2008
Oy Etra Invest Ab reported that on 19 November 2008 its holding in the share capital and voting rights of Suominen Corporation had grown to 5.73%.

3 May 2007
Sampo Life Insurance Company reported that on 2 May 2007 its holding in the share capital and voting rights of Suominen Corporation had decreased to 3.04%. The ownership may decrease so that the following thresholds will be reached or crossed: 5 %, 10 %, 15 %, 20 % or 25 %.

Management transactions

 

Notification of managers’ and their closely associated persons’ transactions at Suominen

The managers of Suominen Corporation and their closely associated persons, referred to in the Market Abuse Regulation ((EU) No 596/2014, ”MAR”), are requested to follow the below instructions for notifying transactions as of 3 July 2016. Such notifications shall be made both to Finnish Financial Supervisory Authority and Suominen as soon as possible, and no later than three (3) business days after the date of the transaction.

How to fill in the transaction notification form

The form is available at http://www.finanssivalvonta.fi/fi/Saantely/Saantelyhankkeet/mar/19_artikla/Documents/ManagersTransactionsForm_GB.pdf

Information needed to fill in the form:
Suominen Corporation’s LEI code: 743700Z1BNFYR9PRDF52
ISIN code of Suominen Corporation share: FI0009010862

Please note that each trading have to be notified in a separate row. Save the form in pdf format when you are ready.

Submitting the filled form to Financial Supervisory Authority and Suominen

Please send the filled form attached to an e-mail to Financial Supervisory Authority and Suominen promptly after the transaction. Do not send the form by regular mail.

Sending to the Financial Supervisory Authority: Go to https://securemail.bof.fi and send the form as a secured e-mail to johdonkaupat@finanssivalvonta.fi

Sending to Suominen: Send the pdf form attached to an e-mail to communications@suominencorp.com. Kindly include your phone number in the e-mail message so that we can contact you in cases there is any questions about the notification.

Should you need any assistance, please contact communications@suominencorp.com or phone +358 40 723 629 (Anu Heinonen, VP, Corporate Communications & IR).

The file description for managers’ and their closely associated persons’ transactions.

Publishing the notifications received

Suominen publishes the notifications received as a stock exchange release promptly after receipt of the notification. As of 3 July 2016, published notifications can be viewed below.

Further information on the regulation concerning the notifications of managers’ and their closely associated persons’ transactions is available at Finnish Financial Supervisory Authority's website (currently available in Finnish only.)

 

Share history

 

The share capital of Suominen Corporation is 11,860,056 euro. The number of shares totals 51,216,232. Suominen’s share has no nominal value.

Registered changes in Suominen share:

  Change in the
number 
of shares
Change in
share capital, EUR
Number of
shares
Share capital, EUR

22 March 2016

 

 

 

 

The number of shares of Suominen Corporation changed due to reverse share split. Based on the decision by the AGM, the number of shares was reduced without reducing share capital in a reverse share split procedure so that each five shares were merged as one share.

201,209,384 0 51,216,232 11,860,056

10 April 2015

Hybrid bond: The bondholders have a right to convert the bond notes and the accrued capitalized interest related to the notes into shares between 11 February 2014 and 10 February 2018. Conversion rate pursuant to the terms of the bond is EUR 0.50 per share.

1,059,968 0 252,425,616 11,860,056

23 February 2015

Hybrid bond: The bondholders have a right to convert the bond notes and the accrued capitalized interest related to the notes into shares between 11 February 2014 and 10 February 2018. Conversion rate pursuant to the terms of the bond is EUR 0.50 per share.

1,462,069 0 251,365,648 11,860,056

13 February 2015

Share issue: A directed share issue for the Executive Team and Corporate Leadership Team relating to Suominen binding Performance Share Plan at the price of 0.67 euro per share.

507,388 0 249,903,579 11,860,056

4 February 2015

Hybrid bond: The bondholders have a right to convert the bond notes and the accrued capitalized interest related to the notes into shares between 11 February 2014 and 10 February 2018. Conversion rate pursuant to the terms of the bond is EUR 0.50 per share.

1,462,069 0 249,396,191 11,860,056

16 August 2013

Issue of new shares without consideration to the company itself.

2,000,000 0 247,934,122 11,860,056

3 October 2011

Conversion share issue: Holders of the capital loan of 2008 were offered new shares for subscription at price 0.45 euro per share.

4,799,997 0 245,934,122 11,860,056

3 October 2011

Share issue: New shares were offered to the public for subscription with a price of 0.45 euro per share.

193,739,111 0 241,134,125 11,860,056

4 June 2010

Rights  offering: Each existing share entitles to subscribe for one new share at price 0.43 euro per share.

23,674,902 0 47,395,014 11,860,056

28 October 2003

Share offering: For each two subscription rights a shareholder / holder of a subscription right is entitled to subscribe for one new share at price 2.70 euro per share. 7,893,804 3,946,902 23,720,112 11,860,056

1 October 2001

Shares of Suominen Corporation in the demerger of Lassila & Tikanoja: In the demerger, 28.4% of the acquisition costs of the shares of earlier Lassila &Tikanoja transferred to the acquisition cost of Suominen Corporation’s share.

15,826,308

7,913,154

15,826,308

7,913,154

 

 

Reverse share split

 

Suominen announced on 29 January 2016 that it plans to carry out a reverse share split. Read the Stock Exchange Release of 29 Jan 2016 and check also the FAQ below for further information. See the full proposal on the procedure by the Board of Directors to the Annual General Meeting (pdf)

The Annual General Meeting decided on 16 March 2016 to carry out the reverse share split. Trading with the merged shares commenced on 22 March 2016 (see the Stock Exchange Release).

Reverse share split – FAQ (issued on 29 January 2016)

1. I’m Suominen’s shareholder. What actions should I take now, due to the reverse split?

You do not need to do anything. Suominen will carry out the reverse split, and no action is needed from shareholders. Shareholders can participate and vote in the Annual General Meeting on March 16, 2016 where the reverse split is decided.

2. What is the combination ratio of the reverse split? How does the number of shares change?

Five Suominen shares will be combined into one share. The total number of shares in Suominen will decrease from some 252 million to approximately 50 million.

3. Why have you decided conduct a reverse split of the share?

Merging the Suominen shares will increase the value of a single share, which we believe is in the shareholders’ best interest, as it is expected to make the company more attractive to investors. The reverse split is expected to enhance trading conditions for the shares. Moreover, it will add flexibility to the decision making regarding future payments of dividend.

4. How does a 5:1 reverse share split actually work?

The reverse split has practically the same result as combining 5 old shares into one new share, which will have 5 times the value. Technically, in the 5:1 reverse split, Suominen redeems from each shareholder the number of shares based on the number of shares on the shareholder’s account multiplied by 4/5. For example, if a shareholder owns 500 Suominen shares, 400 shares are redeemed and the shareholder has 100 shares going forward.

To avoid a fractional number of shares, the number of redeemed shares is rounded up to the next full share. The extra fractional shares that are redeemed are sold on behalf of the shareholder in the Nasdaq Helsinki stock exchange.

For example, if a shareholder has 558 shares, 447 shares are redeemed (4/5 x 558 = 446.4) and the shareholder will have 111 shares going forward. The extra 0.6 shares will be combined with the other fractions to be created in the procedure and will be sold on behalf of the shareholder.

The shares redeemed as part of the reverse share split shall be cancelled immediately in connection with the redemption. The aforementioned fractions of shares redeemed due to the rounding-up which will be merged and sold on behalf of the respective shareholders.

5. What if I own less than 5 shares?

If you own less than 5 shares, all your shares will be redeemed by Suominen and the proceeds will be paid to you.

6. Will the reverse split impact the value of my investment?

No. A reverse split means only that there will be a reduction in the number of Suominen shares outstanding. The total market value of the shares will not be affected as a result of the reverse split, except with respect to the redemption of fractional shares. The stock price of Suominen and consequently the value of your investment is determined in daily trading on the Nasdaq Helsinki Stock Exchange. Even though the reverse split does not have a direct immediate impact on the value of the Suominen share, the purpose of the reverse share split is to have better trading conditions for the share, which we believe will be valuable for shareholders.

The following example illustrates a hypothetical result of a 5:1 reverse split. Let’s assume that an investor owns 500 shares with a market price of EUR 1.10 per share, so the investment is worth EUR 550. Let’s also assume that the stock price does not change for any other reason. After the 5:1 reverse split, the investor would own 100 shares worth EUR 5.50 each, and the entire investment value remains at EUR 550.

7. Will the reverse split affect how much of Suominen I own?

No, except in the case of fractional new shares sold to the market, in which case the shareholder’s share of ownership in Suominen would decrease by the amount corresponding to the fraction of the share.

8. How will I receive the combined shares?

If you hold shares in a book-entry account, the number of combined shares will appear on your account automatically after the reverse split has been conducted, on 21 March 2016 after the close of trading. Contact your broker if you have any questions regarding timing.

9. How will the reverse split affect the number of shares outstanding and future calculation of earnings per share?

At the time of the reverse split, the number of shares outstanding will be divided by 5 and earnings per share will be multiplied by 5.

10. Why has the ratio 5:1 been chosen?

Reverse split with a combination ratio of 5:1 has been chosen to arrive at a reasonable share price level. At the same time we strive to minimize the number of shareholders for whom the entire investment is redeemed and the number of shareholders for whom the split ratio leads to a fractional number of shares.

11. Does the reverse split affect the share-based incentive plans of Suominen?

The company’s share-based incentive plans will be technically revised according to the combination ratio.

12. What happens to treasury shares (shares owned by Suominen) in the reverse split?

The reverse share split does not concern Company’s treasury shares. The number of treasury shares will not be reduced in the procedure.